regression Archives - Page 2 of 2

Use the model to predict sales and the business spends $950,000 in advertisement. Does the model underestimate or overestimates sales?

Posted on September 21, 2020 by Ambrose

Respond to the following in a minimum of 175 words: Models help us describe and summarize relationships between variables. Understanding how process variables relate to each other helps businesses predict and improve performance. For example, a marketing manager might be interested in modeling the relationship between advertisement expenditures and sales revenues. Consider the dataset below […]

Explain and Illustrate the relation between the SStotal and SSregression and the Coefficient of Determination, R2:What is your prediction on the annual maintenance cost of a 38-month old bus?

Posted on September 19, 2020September 19, 2020 by Ambrose

Quiz 3 Notes 1) This quiz is graded for 50 points – only one problem. 2) Submit one Word File – not an excel file 3) Answer the questions with the requested chart/tables embedded in the report 4) Neatness matters a lot. Sloppy presentation will be penalized significantly even if your answers are correct. You […]

Using the information on hospital discharges from last year, perform multiple regression on the relationship between hospital costs and patient age, risk factors, and patient satisfaction scores, and then generate a prediction to support this health care decision.

Posted on August 31, 2020 by Ambrose

Regression is an important statistical technique for determining the relationship between an outcome (dependent variable) and predictors (independent variables). Multiple regression evaluates the relative predictive contribution of each independent variable on a dependent variable. The regression model can then be used for predicting an outcome at various levels of the independent variables. For this assignment, […]

What is the impact of using a linear regression model in this case? What options, other than linear regression, can you see? You do not need to collect any data.

Posted on August 13, 2020 by Ambrose

For your initial post, choose one of the following two prompts to respond to. Then in your two follow up posts make two reply. Use the discussion topic as a place to ask questions, speculate about answers, and share insights. Be sure to embed and cite your references for any supporting images. Option 1: Think […]

Discuss an example of a professional decision-making situation for which you believe it would potentially be beneficial to use simple or multiple linear regression analysis to improve the quality of the decision-making process.

Posted on August 12, 2020 by Ambrose

A written posting that is 250 to 450 words (i.e., a narrative less than 2 pages in APA format) that is embedded in the discussion board (no attachments). Your initial/original posting should address the situation/points below. Discuss an example of a professional decision-making situation for which you believe it would potentially be beneficial to use […]

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Tag: regression

Use the model to predict sales and the business spends $950,000 in advertisement. Does the model underestimate or overestimates sales?

Explain and Illustrate the relation between the SStotal and SSregression and the Coefficient of Determination, R2:What is your prediction on the annual maintenance cost of a 38-month old bus?

Using the information on hospital discharges from last year, perform multiple regression on the relationship between hospital costs and patient age, risk factors, and patient satisfaction scores, and then generate a prediction to support this health care decision.

What is the impact of using a linear regression model in this case? What options, other than linear regression, can you see? You do not need to collect any data.

Discuss an example of a professional decision-making situation for which you believe it would potentially be beneficial to use simple or multiple linear regression analysis to improve the quality of the decision-making process.